White House Adviser: Stimulus Not Necessary
(UnitedVoice.com) – For nearly a month, Speaker of the House Nancy Pelosi (D-CA) and Senate Minority Leader Chuck Schumer (D-NY) failed to compromise on a new stimulus package. The Democratic leaders and the White House broke off negotiations over the stalemate. Now, the window of opportunity may have passed.
Economic recovery possible without another round of stimulus, White House adviser Larry Kudlow says https://t.co/TarO2V1Ndq
— Newsweek (@Newsweek) August 27, 2020
On Thursday, August 27, economic adviser Larry Kudlow said at the rate the economy is recovering, another relief package from Congress is no longer necessary. That’s despite new economic numbers showing more people filed unemployment claims last week over the previous week. Approximately 14.5 million people are receiving unemployment benefits.
When asked if the economy is strong enough to go without another stimulus package, Kudlow ambiguously said it is. However, nothing official has come from the White House or Treasury Secretary Steven Mnuchin. On Thursday, Chief of Staff Mark Meadows talked for approximately 25 minutes with Pelosi. Both say the conversation went nowhere. In a press briefing on Friday, Pelosi all but said if Republicans won’t compromise and accept a $2.2 trillion package, there would be no stimulus.
Based on Kudlow’s words, Republicans may be comfortable with that.
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